Build with Leila Hormozi
The Right & Wrong Time To Be Patient | Ep 215
Dec 6, 2024
Dive into the paradox of patience in business leadership, where growth meets the danger of complacency. Personal anecdotes reveal the fine line between timely decision-making and maintaining high performance. Navigate the tricky balance of being patient with team members while enforcing accountability. Discover strategies for fostering high standards and protecting team morale, all while learning when to be impatient with effort but patient with the results.
17:27
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Quick takeaways
- Balancing patience in business is crucial, as excessive patience can lead to stagnation and negatively impact team morale and outcomes.
- Fostering a supportive environment that allows team members to learn from failures enhances resilience and contributes to overall team dynamics and loyalty.
Deep dives
The Dual Nature of Patience
Patience can serve as both a strength and a weakness in business. While it allows individuals to learn and grow from their mistakes, excessive patience may lead to stagnation and hinder progress. The speaker reflects on their own experiences, recognizing that being overly patient with poor performance can affect not only business outcomes but also team morale. Thus, striking a balance becomes crucial, as too much patience can jeopardize overall success while too little may lead to rushed decisions.
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